Calibre Group (ASX:CGH) (“Calibre” or the “Group”) is pleased to announce that its wholly owned maintenance and engineering construction business, G&S Engineering Services Pty Ltd (G&S), has been awarded a new contract for approximately $140 million for the onshore upgrade of Hay Point Coal terminal for the BHP Billiton Mitsubishi Alliance (BMA) in central Queensland.
The award is in line with Calibre’s recently revised FY2013 guidance (CGH ASX Announcement of 12 April 2013). However it increases Calibre’s forward Order Book by $140 million to $1.44 billion. The Company expects approximately 60% of the project revenue to contribute to Calibre’s FY2014 revenue and the remainder over the subsequent period.
CGH Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
